Akash Network’s 98% vote backs move to Solana
4.4 Tech Akash Network’s community approved a move from Cosmos to Solana, with 98% support. AKT will relaunch as a Solana SPL token, aiming for better scalability and lower costs.
Akash Network has overwhelmingly approved a governance proposal to migrate its decentralized cloud computing platform and AKT token from the Cosmos blockchain to Solana. Known as Prop 346, the proposal received about 98% approval in early voting and details a phased migration process. If fully approved, AKT will relaunch as a Solana SPL token at a one-to-one ratio, retaining its ticker, decimals, and total supply. A two-year migration portal will be provided for users. The Akash marketplace will remain on Cosmos until further audits and a subsequent vote are completed. The main motivation for the migration is to reduce costs, as maintaining Akash’s own chain and validator set is resource-intensive. The transition is expected to improve scalability and integration within Solana’s expanding ecosystem. Following the announcement, AKT’s price rose about 4%, reflecting strong community support and strategic alignment with Solana.
